PANews reported on May 23 that according to Jinshi, investment bank Keybanc has raised Nvidia's (NVDA.O) target price from $1,200 to $1,300. Piper Sandler has raised Nvidia's (NVDA.O) target price from $1,050 to $1,200.

It was reported earlier this morning that Nvidia's revenue for the first quarter of this year was $26 billion, with net profit increasing sixfold year-on-year.